Tim Tebow traded to New York Jets

Hallelujah!

FOX NFL insider, Jay Glazer reports that Tim Tebow has been traded from the Denver Broncos to the New York Jets. He said the Jets had to give up a 4th round draft pick and a 6th-round pick in exchange for the former Heisman Trophy winner and got an additional 7th round pick in return. 

Eight hours after initially agreeing to a deal, the teams completed the trade that was hung up earlier Wednesday when the Jets apparently balked at repaying Denver more than $5 million for a salary advance due Tebow. ESPN reported that the two sides had agreed to split that cost.

The Jets already have a starting quarterback in Mark Sanchez, but if Sanchez chokes again, like he did in the previous season, then Tim Tebow could be in a good position to take over the number spot.